Affordable luxury - these are two words that don't go together.
Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image.
Luxury goods are the only area in which it is possible to make luxury margins.
In the luxury business, you have to build on heritage.
In the coming five years, there'll be activity in the luxury world and we'll be there,